Updates from Northland Energy Trading

  • Propane News & Numbers 12/2/2020
    Propane prices made mixed moves on Tuesday, as Mt. Belvieu TET prices fell along with crude futures while Conway prices strengthened. Brent crude fell 1.0% and WTI crude lost 1.7% yesterday following news that OPEC+ talks were being pushed back until Thursday due to... Read more

  • Petroleum Status Report 12/2/2020
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  • Market News 12/2/2020
    Petroleum futures were trading flat to higher as of this writing despite bearish US crude oil inventory data from the American Petroleum Institute (API), losses in US stock market index futures, and... Read more

  • Energy Report 12/1/2020
    Petroleum futures fell for a third consecutive session today amid news that OPEC+ has delayed talks over next year’s output policy due to disagreement among some key members, despite gains in equities and weakness in the US dollar index. Reuters reported that OPEC+ has postponed its meeting to Thursday due to some key members still disagreeing on how much oil they... Read more

  • Propane News & Numbers 12/1/2020
    Propane prices strengthened from the 25th to yesterday (there were no OPIS spot price assessments for November 27), with Mt. Belvieu TET prices rising from ... Read more

  • Market News 12/1/2020
    The complex was seeing flat-to-higher trade in the overnight session on Tuesday, with strength in global equities following encouraging economic data releases from Asia and Europe, and slight weakness in the US dollar supporting, whereas indications of disagreement among OPEC+ members were... Read more

  • Energy Report 11/30/2020
    The complex lost ground today, as did equities, following disappointing US economic data releases (despite largely supportive data from abroad). European shares lost ground today, with the FTSE 100 falling 1.6% and the CAC 40 losing 1.4%, The DAX held its ground a bit better, but still slipped 0.3% lower. As for the US shares, as of this writing the Dow .... Read more

  • Propane News & Numbers
    Propane prices strengthened last Wednesday, ahead of the holiday, with Mt. Belvieu TET prices climbing 2.4% (1.31 cents) to 55.00c/g and Conway prices ... Read more

  • Market News 11/30/2020
    Petroleum futures were falling in the overnight session on Monday amid uncertainty over results of the OPEC+ meeting which takes place today and tomorrow and mixed but mostly lower trade in US stock market index futures, despite weakness in the US dollar. Market participants awaited the Chicago PMI and... Read more

  • Energy Report 11/25/2020
    Petroleum futures extended their rally to a fourth consecutive session ahead of the holiday tomorrow, as the US dollar extended its sell-off and with geopolitical tensions in the Middle East, despite mixed trade in equities. Reuters reports that, according to Ambrey maritime security company, a Greek-operated oil tanker was hit by... Read more